Category techmeme

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FTX’s collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds (Wall Street Journal)

Wall Street Journal: FTX’s collapse was exacerbated by centralization; FTX being a decentralized exchange, based on smart contracts, could have prevented SBF draining customer funds  —  Automated market makers can obviate the need to hold customer money and the opportunity… Continue Reading →

Hong Kong-based XanPool, a cross-border payments infrastructure provider for both crypto and fiat currencies, raised $41M in Q2 2022 at a $400M valuation (Jonathan Burgos/Forbes)

Jonathan Burgos / Forbes: Hong Kong-based XanPool, a cross-border payments infrastructure provider for both crypto and fiat currencies, raised $41M in Q2 2022 at a $400M valuation  —  XanPool—a cross-border payments infrastructure provider—is accelerating expansion plans across Europe, Middle East… Continue Reading →

Elon Musk holds relaunch of Blue Verified until “there is high confidence of stopping impersonations” and floats using different colors for orgs and individuals (Alex Heath/The Verge)

Alex Heath / The Verge: Elon Musk holds relaunch of Blue Verified until “there is high confidence of stopping impersonations” and floats using different colors for orgs and individuals  —  Elon Musk told Twitter employees on Monday that the company… Continue Reading →

ISEE, which develops tech to turn the most common logistics yard trucks into autonomous vehicles, has raised a $40M Series B led by Founders Fund (Brianna Wessling/The Robot Report)

Brianna Wessling / The Robot Report: ISEE, which develops tech to turn the most common logistics yard trucks into autonomous vehicles, has raised a $40M Series B led by Founders Fund  —  ISEE, the Cambridge, Mass.-based developer of self-driving yard… Continue Reading →

Document: GroupM warns marketers that Twitter is a “high risk” media buy due to recent resignations, Blue check abuse, and possible consent decree noncompliance (Seb Joseph/Digiday)

Seb Joseph / Digiday: Document: GroupM warns marketers that Twitter is a “high risk” media buy due to recent resignations, Blue check abuse, and possible consent decree noncompliance  —  The public boycott of advertising on Twitter is starting to look… Continue Reading →

A book excerpt details how companies like RELX and Thomson Reuters collect and sell user data, exploiting a lack of privacy laws as regulators focus on Big Tech (Sarah Lamdan/Wired)

Sarah Lamdan / Wired: A book excerpt details how companies like RELX and Thomson Reuters collect and sell user data, exploiting a lack of privacy laws as regulators focus on Big Tech  —  Google and Facebook’s privacy violations are common… Continue Reading →

Sources: Musk has pitched charging most or all users a subscription fee to use Twitter; internal estimates show the new Blue could actually lose Twitter money (Casey Newton/Platformer)

Casey Newton / Platformer: Sources: Musk has pitched charging most or all users a subscription fee to use Twitter; internal estimates show the new Blue could actually lose Twitter money  —  Will he go through with it?  PLUS: Botched layoffs,… Continue Reading →

Current and former Twitter staffers shed light on Musk’s “War Room”, which includes Jason Calacanis and David Sacks, tasked with transforming Twitter’s business (Financial Times)

Financial Times: Current and former Twitter staffers shed light on Musk’s “War Room”, which includes Jason Calacanis and David Sacks, tasked with transforming Twitter’s business  —  In first week as owner, the billionaire has axed management, begun mass job cuts… Continue Reading →

Elon Musk absolutely did not fire top Twitter executives, including Parag Agrawal, for “cause”, as you can easily tell by reading their employment agreements (Matt Levine/Bloomberg)

Matt Levine / Bloomberg: Elon Musk absolutely did not fire top Twitter executives, including Parag Agrawal, for “cause”, as you can easily tell by reading their employment agreements  —  Oh Elon  —  I don’t know if you noticed, but I… Continue Reading →

Do Kwon faces a suit, filed on September 23, in Singapore from 350 investors who lost ~$57M, alleging “fraudulent misrepresentations” about TerraUSD’s stability (Wall Street Journal)

Wall Street Journal: Do Kwon faces a suit, filed on September 23, in Singapore from 350 investors who lost ~$57M, alleging “fraudulent misrepresentations” about TerraUSD’s stability  —  He’s wanted by South Korean prosecutors, Interpol has issued a red notice seeking… Continue Reading →

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